November 17 - November 23 market watch: Celo goes up by 18% as buying pressure persists.
Between November 17 - November 23, Celo has been mostly as its price has been in the rising mode. The situation on the CELO market shows that the underlying asset is currently experiencing a period of medium volatility. The market capitalization of the asset has been increasing in concert with the price of the coin. The past week’s price movement of the crypto coin was accompanied by the growing trading volume on the corresponding market.
Celo has been moving reservedly on the backdrop of average volatility. The market analysis reveals that the mild average volatility of 16% restrained CELO 's price swings. The coin was the most volatile on November 17, when the range of its price fluctuations reached 19.69%. 0.87% was the rock bottom for the asset's volatility that was reached on November 21. Since the volatility of 16% can be deemed as mild, the crypto coin's market can be characterised as composed.
On November 17, the first trading session of the reviewed time period, the market participants saw CELO moving up by 5%. The coin market was up by 3% on November 18, the second day of the reviewed time period. The price range of Celo formed between $0.46 and $0.47 on November 19 as the price traveled 1% up. Over the next trading period (on November 20), CELO was moving down by 2% on the back of a congruous trading volume. The price oscillation of Celo on November 21 was in the $0.46 - $0.44 range; at the same time, the price stretched out to reach the 24H low at $0.42 and the 24H high at $0.46. The activity on the crypto coin's market on November 22 resulted in the asset being traded between $0.44, the open of the day, and $0.53, the close of the day; at some point, the price spiked to the daily high at $0.54 and briefly dropped to the daily low at $0.44. November 23 presented us with the following price action data: the coin opened the period at $0.53 and went on to establish the low at $0.51 and the high of the day at $0.53 before closing the day at $0.52. The highest point of the price action over the week was at $0.54 - the weekly low during the same period was established at $0.42. Celo bounced 18% between the low of the week and the peak price for the same time period, ultimately creating a price range of $0.08.
As for the average trading volume in the time slot between November 17 and November 23, the Celo market registered the change from $9 683 145 to $83 407 165. To understand a bigger picture, we need to match the numbers from last week with the week before that, when the CELO market had its volume ranging between $11 022 572 and $27 539 422. The 40% change in trading volume in the asset's market, compared to last week, supported the price movement that allowed the cryptocurrency to alter its value by 18%.
The change in the total market capitalization of Celo from November 17 to November 23 was as follows: on November 17, the capitalization was at $204 899 930, while on November 23, it reached the level of $247 485 405. CELO experienced a 21% change in total market capitalization throughout the past seven days. As a consequence of the 21% fluctuation in its market capitalization, the price of the coin changed by 18%. Celo ’s market capitalization from the week before changed by 1%, as the result of fluctuation between $205 326 790 and $204 899 930, to give a clearer vision of the current state of the market.